Looking for information about your firm's panel status?
Melton Mowbray Building Society Conveyancing Panel Assistance:
What are the Melton Mowbray Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
All conveyancers are subject to panel requirements and must be approved onto the Society's conveyancing panel. Please refer to the mortgage completions team if further information is required.
You must also comply with the terms and conditions of your Melton Mowbray Building Society solicitor panel appointment.
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the Melton Mowbray Building Society solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Disclosure to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. new client )
Are there conditions, outside the BSA Mortgage Instructions, that a
firm should be aware of when on the Melton Mowbray Building Society
conveyancing panel?
In order to be on the Melton Mowbray Building Society conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Melton Mowbray Building Society) are as follows:
- To quote on all communications with us relating to deeds issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
- To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
- To forward the title deeds and documents to another conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with BSA Mortgage Instructions. I am on the Melton Mowbray Building Society conveyancing panel. Can you tell me how many Specific Requirement changes took place by Melton Mowbray Building Society during 2013?
During this period 3 sections of the BSA Mortgage Instructions were changed by Melton Mowbray Building Society. Some changes are more important than others but as a firm on the Melton Mowbray Building Society conveyancing panel you are of course obliged to comply with individual lender requirements. Locktons have recently pointed out in an article that non-compliance with lender requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: BSA requirements are not guidelines; they are the lender client’s instructions.
Do publish figures exists disclosing the Melton Mowbray Building Society conveyancing panel size as well as the number of conveyancing firms dismissed each quarter?
With lenders and solicitors working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Melton Mowbray Building Society conveyancing panel but for all mortgage panels
If my application is successful will Conveyancing Quality Scheme accreditation secure my firm’s acceptance on to building society conveyancing panels?
The Law Society’s CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their approved list of firms. Some mortgage companies now use the scheme as the starting point for Panel approval as is the case HSBC .
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Melton Mowbray Building Society Approved Conveyancing Solicitors Panel
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Average number of days to register title including a charge in favour of Melton Mowbray Building Society
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Melton Mowbray Building Society Firms
- Draft Report on Title precedent for Melton Mowbray Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Melton Mowbray Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Melton Mowbray Building Society lender panel
- Buy-to-Let help for Melton Mowbray Building Society
- Consent-to-Let help for Melton Mowbray Building Society
- Contractor Mortgages with Melton Mowbray Building Society
